About Babbitt
Babbitt is a company based in Hangzhou (China) founded in 2011 by Liu Zhipeng.. Babbitt has raised $16 million across 1 funding round from investors including BITMAIN, Qifu Capital and Puhua Capital.
- Headquarter Hangzhou, China
- Founders Liu Zhipeng
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 1 rounds
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Latest Funding Round
$16 M (USD), Series A
Mar 02, 2018
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Investors
BITMAIN
& 2 more
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Employee Count
Employee Count
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Funding Insights of Babbitt
Babbitt has successfully raised a total of $16M through 1 strategic funding round. The most recent funding activity was a Series A round of $16 million completed in March 2018. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series A — $16.0M
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First Round
First Round
(02 Mar 2018)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2018 | Amount | Series A - Babbitt | Valuation | Puhua Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Babbitt
Babbitt has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include BITMAIN, Qifu Capital and Puhua Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are managed by Qifu Capital.
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Founded Year | Domain | Location | |
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Health and technology startups are invested in by Puhua Capital.
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Founded Year | Domain | Location | |
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Hardware solutions for cryptocurrency mining are developed.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Babbitt
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Babbitt
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Babbitt Comparisons
Competitors of Babbitt
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Babbitt
When was Babbitt founded?
Babbitt was founded in 2011 and raised its 1st funding round 7 years after it was founded.
Where is Babbitt located?
Babbitt is headquartered in Hangzhou, China. It is registered at Hangzhou, Zhejiang, China.
Who is the current CEO of Babbitt?
Wang Lei is the current CEO of Babbitt.
Is Babbitt a funded company?
Babbitt is a funded company, having raised a total of $16M across 1 funding round to date. The company's 1st funding round was a Series A of $16M, raised on Mar 02, 2018.
What does Babbitt do?
Babbitt was founded in 2011 in Hangzhou, China, by Liu Zhipeng, with Wang Lei serving as CEO. Blockchain-related information is provided via the domain 8btc.com, covering news, analysis, and resources for the sector. Operations center on aggregating and distributing data to support users in the cryptocurrency and blockchain fields, primarily within China and surrounding regions. Key personnel oversee content and platform development.
Who are Babbitt's investors?
Babbitt has 3 investors. Key investors include BITMAIN, Qifu Capital, and Puhua Capital.